Wheat futures are traded around $6.2 per bushel after dropping to a six-week low of $6.1, as dry weather and frosts affected key growing regions in Russia, the world's largest grain exporter. Analysts have reduced their 2024 harvest estimates for Russia by over 10%, leading to a significant price increase. In contrast, the U.S. shows signs of a strong crop, with 6% of the winter wheat harvest completed, surpassing the five-year average, with the best crop conditions in three years. Despite this positive news from the U.S. which tempered prices slightly, global wheat stockpiles are still projected to hit a nine-year low.

Wheat decreased 5.27 USd/BU or 0.84% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Wheat reached an all time high of 1350 in March of 2022. Wheat - data, forecasts, historical chart - was last updated on June 13 of 2024.

Wheat decreased 5.27 USd/BU or 0.84% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Wheat is expected to trade at 698.24 USd/BU by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 761.01 in 12 months time.



Price Day Month Year Date
Soybeans 1,176.10 -1.02 -0.09% -3.16% -10.80% Jun/13
Wheat 622.78 5.78 0.94% -7.39% -2.88% Jun/13
Lumber 498.09 3.53 0.71% -7.59% -7.50% Jun/12
Cheese 2.05 -0.0051 -0.25% -1.35% 24.21% Jun/13
Palm Oil 3,999.00 38.00 0.96% 4.85% 15.85% Jun/13
Milk 19.89 0.12 0.61% 6.25% 32.16% Jun/13
Cocoa 9,931.94 -614.75 -5.83% 38.60% 211.74% Jun/13
Cotton 71.79 0.11 0.15% -3.81% -12.23% Jun/13
Rubber 181.00 3.00 1.69% 9.70% 36.91% Jun/12
Orange Juice 425.95 16.35 3.99% 5.38% 67.66% Jun/12
Coffee 226.56 3.09 1.38% 11.94% 22.86% Jun/13
Oat 328.78 -1.9865 -0.60% -21.11% -15.91% Jun/13
Wool 1,152.00 0 0% 1.59% -2.95% Jun/13
Rice 18.18 0.6466 3.69% -3.36% 19.20% Jun/13
Canola 621.87 -9.44 -1.49% -5.01% -10.42% Jun/13
Sugar 19.23 0.15 0.77% 1.72% -25.58% Jun/13
Corn 457.18 2.9348 0.65% -2.21% -16.11% Jun/13



Related Last Previous Unit Reference
United States Corn Stocks 8.35 12.17 Billion Bushels Mar 2024
United States Soybean Stocks 1.85 3.00 Billion Bushels Mar 2024
United States Wheat Stocks 1.09 1.41 Billion Bushels Mar 2024


Wheat
Wheat Futures are available for trading in The Chicago Board of Trade (CBOT), Euronext, Kansas City Board of Trade (KCBT) and the Minneapolis Grain Exchange (MGEX). The standard contract unit is 5,000 bushels. The biggest wheat producers are China, India, Russia, the US, France, Australia, and Canada. Russia is the biggest exporter of wheat followed by the United States, Canada, France, Ukraine, Australia, and Argentina. Ukraine and Russia accounted for nearly 30% of global wheat exports before the Russian invasion of Ukraine. Wheat prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
622.73 617.00 1350.00 212.50 1977 - 2024 USd/BU Daily